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Search Results 0 to 39 of about 40 (some duplicates have been removed)
, requiring congress to not spend more than it makes, than it takes in in taxes. if you call taxation making money, but it can't spend more than it takes in. any traction on that? >> yeah. this is an idea, an old idea, whose time has timely come, and, you know, as polls show about 75% of all americans support this idea, most of the state legislatures operate the same way, and we need to do this because we need permanent structural spending reform so that we don't find ourselves back in the same position every six to 18 months in raising the debt limit. >> limit spending to 18% of the gross national product, 18%. right now, it's a rate of 23%. we're looking at some of the other things that you would do. you want a historical average of total federal receipts so congress is only run a deficit, increase taxes, or increase debt if agreed upon by a two-thirds vote. i like how it sounds, but it doesn't sound like you can get other politicians to agree to it? >> rome was not build in a day. it's in the a sell yet, but we have support in the senate for the idea of a balanced budget amendment. the la
are going to get into solutions. there is something they have been advancing called the robin hood tax. it is gaining steam, all kinds of americans are starting to buy into this. i want you to hear about a as one solution to the problem. please welcome roseanne. >> as we all know, wall street does not pay its fair share. there is a minimum of 50 cents on stocks. we all pay sales tax on everything that we buy. we sell something, we pay tax. this is paying to wall street -- you have gotten a pass. when you talk about jobs and education, i want to ask you, where are the jobs? they are not just trickling down or bubbling up -- there are no jobs in this country. i work for the labor movement -- it is being decimated by the right wing. i will talk about the financial transaction tax -- this is a part of the solution. i want to tell you, i represent registered nurses in the unions across this country. they are of the finest tradition of martin luther king -- they are about humanity. they do not make distinctions among patients. they do not care if you are rich or if you are poor, if you are b
interest rates rise, our taxes are going to have to be higher to pay that debt. now, not all of that debt is held in the united states so it's not a question of just having to pay taxes in order to pay the american holders of that debt. about half the debt is now held outside the united states. chinese, middle east, others. we're going to have to raise taxes in the u.s., produce goods and services in the u.s., and ship them to the chinese, to the middle east, and others. the bigger the debt is, the more of that we're going to have to do, so it's a serious problem, and it also means that things could get out of -- really out of whack as they have in europe if suddenly foreigners or others just don't want to go on holding that debt. melissa: do you think that happens? there's a lot of people that say, you know, they don't want to stop buying our debt because we're the best game in town no matter how bad it gets, but that would be the tipping point when they come in and don't buy our debt. people say that would never happen. you honestly believe that would happen? >> it certainly could. it's
taxes and says he wants to pay his fair share. how lame is that? what happened to golfers of america. later, good news and bad news for smokers. ♪ ♪ humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why at liberty mutual insurance, auto policies come with new car replacement and accident forgiveness if you qualify. see what else comes standard at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? ♪ ♪ >> andrea: all right. earlier this week , progolfer phil mickelson said he thought tax rates were too high, federally and in his home state of california. a day later he apologized and then he apologized one more time yesterday, promising he wants to pay his fair share. >> my apology is for talking about it publicly. i shouldn't take advantage of a forum i have as a professional golfer to try to ignite change. i love this country. it affords me to do what i love. i never had a problem before. i never had a problem paying his fair share. >> andrea: imagine being his wife. sorry i left trash
income taxes, which can eat up 30%. you may have to pay a 10% penalty, which is even more. the better option is to borrow from yourself, essentially, and when you pay that money back, you pay back over five years, you pay interest on that money, that interest goes back into your account. and the vast majority of people who borrow from their 401(k) actually do pay it back. if you don't pay it back, it's treated as a withdrawal. it just doesn't work in your favor. if you need to do it, that's the better option, but i would always say, take a look at what your other options happen to be. maybe you have things that you can sell. maybe you can make additional money on the side. i know. you're looking like -- >> i get it. you got to use it. it's sitting there, that's the thing. >> the big question to ask yourself, is this a problem that borrowing from my 401(k) will solve, or is this just going to tide me over a bit and i'm going to have to cash out later and really take the hit? >> if that's the issue then how do you deal with it? >> then you look at what the underlying problem is. it may
. the multimillionaire golfer who complained about his taxes in california is still talking about how he wished he never talked about it phil mickelson now says about his threat to up and leave the state of california. new words next. using robotics and mobile technology, verizon innovators have made it possible for teachers to teach, and for a kid... nathan. tadpole. ... to feel like a kid again. because the world's biggest challenges deserve even bigger solutions. powerful answers. verizon. get at low clearance prices., even tempur-pedic mattress sets save even more on floor samples, demonstrators, and closeout inventory. the year end clearance sale ends sunday at sleep train. ♪ your ticket to a better night's sleep ♪ >> shepard: a dumb mistake. that from the golf great phil mickelson at a charity event. he says he completely missed the mark when he publicly complained about california's tax on millionaires and threatened to leave the state or retire from golf all together. >> i shouldn't take advantage of the form that i have as a professional golfer to try to ignite change over these issues. i s
opinion on taxes themselves. nicholson set off a firestorm of controversy when he said he may have to move out of california because of recent hikes in federal and state taxes on the wealthy. when asked about it and the farmers insurance opened in california, he compared his remarks about the mistake he made the 2006 u.s. open. >> it was like when i tried to carve a three iron around the tree and made double bogey and lost the u.s. open. i think i will learn my lesson and take the wedge and get back and play. i made a big mistake talking about the stuff publicly and i should not have done that. >> still asking for a mulligan. he said that his tax rate is over 60 percent in the state. but according to the tax foundation in california tax experts, is closer to 51%. california recently became the state with high as top marginal tax rate banks to boaters passing in november a temporary tax hike on wealthy residents. >> new this morning police searching for a man who kidnapped a 13 year-old girl, i am live on the scene. >> also watching the bay area weather as we clear up this morning. we will
you have to say? stuart: we also agree on taxes. >> we should have a free enterprise, free market system. stuart: why are you such a supporter of the most leftist president in american history? >> it is not just a chief financial officer, it is a leader of our nation. he has no peers when it comes to any other candidate on the republican side or any other republican sitting in the senate. we are out of time. connell: good morning, everyone. i am connell mcshane. dagen: i am dagen mcdowell. things are looking up on the jobs front. connell: monica crowley. dagen: dreamliner, the troubles have not gone away for boeing. michael dell has ordered one of them. connell: then there is jamie dimon and john chambers. you will be hearing from both of them in this hour. liz claman at the world economic forum. cheryl: stocks now and every 15 minutes. apple. nicole: i will show you apple in a moment. the dow, the s&p are doing quite well. five-year highs. highs that we have not seen since 2007. the tech heavy nasdaq, apple weighing on the nasdaq. are we almost at 14,000? we cannot believe it. wh
higher tax rate. his former neighbor says he has a point. he says the tax policy in their neighborhood is criminal. criminal. he'll explain. [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be taken with or without food. and it's not a narcotic. you and your doctor should balance the benefits with the risks. all prescription nsaids, like celebrex, ibuprofen, naproxen and meloxicam have the same cardiovascular warning. they all may increase the chance of heart attack or stroke, which can lead to death. this chance increases if you have heart disease or risk factors such as high blood pres
mickelson after he said high taxes might chase him out of his home state of california. why one of the world's highest paid athletes is now why he is saying he is sorry? bill: man, have you been outside? it is epic cold. this is gripping most of the country. windchill readings falling to 30 below. if you live there, you know how cold it is. that is chick -- chicago screen left. how can avoid being outside. martha: good idea. >> keep moving. layers. i have on like three layers. if i need to i take something off, put something on as need be. i used to say the summer was worse but now i want to say the winter. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. bill: mitt romney heads to washington, d.c.. two of his former aides saying the former republican presidential nominee and his wife ann will be in the nation's capitol, make that friday, for a luncheon in their honor. friday is the luncheon. the forme
handled her hearing on the benghazi and tax. >> a maryland native is showing her support. >> a little bit of snow out there. we these sweet honey clustery things have fiber? fiber one. almost tastes like one of jack's cereals. uh, forgot jack's cereal. [ jack ] what's for breakfast? uh, try the mber one! i've never heard of that. [ wife ] it's great. it's a sweet honey cereal, you'll love it. yeah, this is pretty good. are you guys alright? yeah. [ male announcer ] over a third of a day's fiber. not that anyone has to know. fiber beyond recognition. fiber one. low detergent gasoline. the car on the right was filled up with bp gasoline with invigorate. which helps clean and protect its engine so it can get a few more miles per tank than the car on the left. go a little farther with bp gasoline with invigorate. now you have the power to lower gas prices with the bp visa with pump rewards. apply at choosebp.com [captioning made possible by constellation energy group] captioned by the ti
from gps systems and price zones to drive in a certain area. paying for something you are already taxed for doesn't sit well with everyone. >> we pay an amount of taxes every year and people are clearly bothered by some of these scenarios. they prefer this over scenario over using gps to manage how far you drive. >> the hov lanes and other tolls have helped people get used to the idea of paying to drive. >>> drivers in hyattsville may be moving slower. they are considering installing speed cameras next month. drivers caught going 12 miles per hour over the speed limit would be fined and during the 30 day grace period, drivers will only receive warnings. after that, they will be hit with a $40 fine. >>> weather continues. we are waiting on the snow here. >> a couple places have reported small amounts. that was near the community of cherry grove. a few flurries starting to show up overnight, we'll see dusting to about an inch. i think that will be south. so mostly seeing the clouds around and i'll tell you what, that is helping. the clouds are going to keep us from getting as cold as
at this saying tax receipts could cover only the absolute essentials here so we have to cut into other things. i'm not -- i think it is a sequester that really does bring people out there and show their hand. >> bill: now the deal -- the bill that the house passed yesterday, the republican bill, am i understanding so it says we'll raise the debt ceiling through mid may but senate has to pass a budget, right and if they don't pass a budget, then we won't get paid as members of congress. >> right. >> bill: is that a real threat? i saw something somewhere where congress gets paid no matter what. >> here's a funny thing. obviously it is a gimmick. it is not as if people are really going to go unpaid for a long period of time. there is a constitutional concern. the 27th amendment says you can't pass a law that pays some members of congress more or less than others. the pay would go into escrow. essentially, we'll hold back. >> bill: i got it. >> you get paid at the back end. >> bill: so you put it in a cookie jar or something like that when the time is right -- >> when your time-out is over, you get
: this portion of "cbs this morning" sponsored by h&r block. come see what a difference our tax expertise can make. choose h&r block at home. the power software created by the tax experts. file for free now at hrblock.com. try our entrees, snacks and new salads. salmon with basil, garlic chicken spring rolls, and now salads, like asian-style chicken. enjoy over 130 tasty varieties, anytime. lean cuisine. be culinary chic. enjoy over 130 tasty varieties, anytime. they'll tell you exactly what they're thinking... kids... especially my niece. the moment she pointed out my moderate to severe chronic plaque psoriasis... well, it was really embarrassing. so i had a serious talk with my dermatologist. this time, she prescribed humira-adalimumab. humira helps to clear the surface of my skin by actually working inside my body. in clinical trials, most adults with moderate to severe plaque psoriasis saw 75% skin clearance. and the majority of people were clear or almost clear in just 4 months. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal events, su
the nearly $200,000 facebook will pay in property taxes. >>> california's senator dianne feinstein wants to reinstate a ban on certain firearmses across the country. she will introduce a bill to ban assault weapons and high capacity ammunition clips. it's co-sponsored by connecticut's democrat in the wake of the sandy hook elementary shooting. it's opposed by the nra. vice president joe biden will continue to discuss gun violence today at 10:45 our time. >>> tough questions for secretary of state hillary clinton on the attack on the u.s. consulate in benghazi. >> this went on for hours yesterday. clinton got angry when a republican senator asked her about allegedly misleading the public. >> with all due respect, the fact is, we had four dead americans. was it because of a protest or was it because of guys out for a walk one night who decided they would go kill some americans? what difference at this point does it make! it is our job to figure out what happened and do everything we can to prevent it from ever happening again, senator. [ banging desk
, you'll love peanut butter and snickers. try snickers peanut butter squared. when you file your taxes. i read the whole 900 pages. i will give you a tax and health care review. i can help you figure it out. ♪ ♪ [ male announcer ] let's take every drop of courage, every ounce of inspiration, every bit of determination, and go where we've never gone before. ♪ introducing the radically new avalon. toyota. let's go places. >>> we're back now at 7:41. prince harry is back in britain this morning and he's trying to clarify some of the comments he made during his tour of duty in afghanistan. nbc kir seir simmons is in buckingham palace this morning. good morning to you. >> reporter: good morning. prince harry has faced criticism from his comments about killing the taliban. now, he's back and ainu interview, he's talking about what he's learned. >> it's been great. a hell of an experience. really proud of the guys. >> reporter: prince harry summing up his tour of duty in afghanistan, landing back in the uk, finally able to congratulate william and kate in person. her pregnancy announced
families and pay our taxes and buy the things other americans make. that is what is means when the label says union. ♪ look for the union label when you are buying ♪ >> you may remember that commercial from 1978. a lot has danged since then. the bureau of labor statistics says the unionization rate fell to the lowest level since the 1930s. among the hardest hit teachers and other public is sector workers in cash strapped states and cities around the country. >>> the new you state of the art sf jazz center opens with a star filled going on as we speak. a few blocks from city hall at franklin and fell in hey's valley. >> reporter: this is just a taste of what tonight's sold out crowd will hear. the first jazz artist to win a grammy of best new artist. the legendary mccoy tyner on piano. grammy winning saxophonist and on drums a member of the sf jazz collective. >> it is nice to have a place dedicated to jazz where you can just play music and just kind of have fun and jazz still fills a lot. ♪ >> musicians say there is no place other than jazz at lincoln center in new york designed wi
not that high, we can only hope, don't want another tax. and applies to online shoppers as well. the key you want to hear, debit and prepaid cards are exempt from this. there are questions out there whether american express users will be able to avoid this. they have special language in their contract which means they may be exempt, shep. >> shepard: and these fees are illegal in some states. >> yeah, ten states, you're lucky in you live in california, colorado, connecticut, florida, kansas, maine, massachusetts, new york, oklahoma, and texas. i just want to tell people like the rooeason it's a big deal. look i'll pay cash, what's the big deal. >> shepard: if you have cash on you. >> if you have cash on you, a, and b, credit cards have protections for consumers. if you want to call up after you bought something and falls apart and you don't want to pay for it you call the credit card operator and have it expunged, you can't necessarily do that with cash and get your money back, big protections built in for people who use credit card. i'm not a fan for credit card debt, but a reason to use it
that was looming next month and sets the stage for a debate in the spring over taxes, spending and the deficit. some republicans refused to vote for the measure but senate leader harry reed says the senate will move quickly to approve that legislation. >>> our big story this morning, a ground breaking announcement from the pentagon allowing military women to fight on the front lines. the official announcement from defense secretary is expected today. the move overturns a two decade old rule banning women from being assigned to combat units. military services have until january 2016 to adjust to the ruling or submit a reason as to why certain positions should not be offered to women. >> today john kerry will go before the senate foreign relations committee, first steps to the state department. outgoing secretary of state hillary clinton who is making headlines this morning after an emotional testimony. joining us now with more on the secretary's appearances. defense and foreign policy rider. he has more than 30 years covering the middle east and all the hot spots. talking about wars assassinati
the next 10 years. that does not include the nearly $200,000 facebook will pay in property taxes. >>> california's senior senator wants to reinstate a ban on certain firearms across the country. today democrat dianne feinstein will introduce a bill to ban assault weapons and high capacity ammunition clips. her bill is co-sponsored by both connecticut democrats in the senate in the wake of the sandy hook school shootings in their state. it's opposed by the nra. >>> some tough questions for secretary of state hillary clinton on the attack on the u.s. consulate in benghazi. >> this went on for hours yesterday. clinton got angry when a republican senator asked her about allegedly misleading the public. here she is. >> with all due respect, the fact is, we had four dead americans! was it because of a protest or was it because of guys out for a walk one night who decided they would go kill some americans?! what difference at this point does it make! it is our job to figure out what happened and do everything we can to prevent it from ever happenin
. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ jon: firefighters in chicago face brutal cold as they battle a new flare-up of one of the city's biggest fires in years. rick folbaum joins us with more. >> reporter: this is the fire that just won't die down, it actually started tuesday. firefighters got it under control early yesterday morning, but now it's started back up again, and when the initial call went out, this is what's known as a 511 alarmer. flames so bad, a situation so dangerous that one-third of the city's on-duty firefighters were called into respond. and you can see how bad it got. this is the aftermath after it's been sprayed. now those flames up again. it's an old warehouses building, there was of a lot of timber inside where parts of actually collapsed and put other nearby buildings in danger. and another problem for the fire fighters, those sub-freezing temperatures. water used to put out the fire leading to what's called
the second system will drop through. this is a cool our tax system not a lot of moisture associated with it we could see showers. >> here's a look at futurecast for the possibility for rain as we head into friday in it. i ran for livermore for those of you along the mid peninsula as we set the clock into motion you can see a passing band of rain by 3:00 p.m. starting from the north bay first. >> your kron 4 7 day around the bay forecast shows the potential for showers are route into saturday and sunday. we could also pick up some showers as we start the next work week. >> tuesday and wednesday will be a cold start. the inland lows hovering around the freezing mark. we will be dry as we head into the middle of next week. >> high pressure will start to build and we will have more on that very important extended forecast coming up. >> in the meantime the bridges check the perfect time to leave home if you are heading to the bay bridge. the toll plaza shot looks good you will see a handful of cars. no wait at the pay gates. the time eight to nine minutes at the foot of the maize to frem
5. ♪ ♪ ♪ just add water. the everyday collection. by target. she said, "i haven't done my taxes for a few years." call. what's a few? she said, "i think it's eight." she showed up with four file boxes of paperwork. "here, take my stuff and figure it out." i will do that for you. it's a mental challenge. it's a puzzle. but getting you the maximum refund- that's what i'm here for. bring it on. >> abc7 news, good morning, i am eric thomas. the dove brown will deliver the state of the straight address if a little more than an hour. he says the economy is rebounding and is expected to lay out an ambitious and optimistic agenda. well carry the speech live on abc7 and stream it live on abc7news.com starting at 9:00. right now, mike has the forecast. >> the system to the south of live doppler 7 hd is starting to unwind. that mean we will have clouds and upper 30's to low 60's before the next chan of storms later this afternoon. after that, we get a break tomorrow. sue? >> heavy traffic. we have an early accident off on the shoulder but it is slow moving past lucas valley road and north
potential increasing of taxes on cigarettes. it happened in chicago where you had business groups, the black chamber of commerce, they said, oh, this is going to hurt small businesses but then the argument was, wait a minute, when you look at cancer rates among african-americans, how do you say don't do that when it's affecting african-americans? and so i think the naacp, the new york chapter is going to have to have an explanation because, again, obesity among african-americans is huge. >> well, the explanation is that they'd like to see a more holistic approach, that this is not the way to do it. it's a little bit like your gun debate. like don't do this, do a big picture, you're never going to get the solution. i think there is some merit to that argument. however -- >> also a loophole here. they say that small business owners are affected, convenience stores, but larger stores like -- according to "the new york times," larger stores like 7-eleven would be exempt from soda restrictions because of a court in new york's regulatory structure. so they're saying 7-eleven will continue to be ab
gains taxes kicked in this year. other investors are clearly choosing to exit now competition heating up so it's really becoming a huge factor. there are a lot of quality alternatives out there. you look at the tablet and smartphone arena, carol, it's getting crowded but they still sold 48 million iphones and almost 23 million ipads in the latest quarter. apple sold 12.6 million ipods so keep the finger off the panic button, let's not get too crazy just yet. >> that's wall street, isn't it? panic, panic panic, then don't. thanks so much, alison. >>> fighting words from house speaker john boehner he says president obama is out to annihilate the republican party. do you agree? that's our talk back question today. [ wind howls ] [ dog barks ] ♪ ♪ [ male announcer ] something powerful is coming. ♪ see it on february 3rd. ♪ see it on february 3rd. hey, buddy? oh, hey, flo. you want to see something cool? snapshot, from progressive. my insurance company told me not to talk to people like you. you always do what they tell you? no... try it, and see what your good driving can save you. y
. ♪ ♪ ♪ just add water. the everyday collection. by target. she said, "i haven't done my taxes for a few years." call. what's a few? she said, "i think it's eight." she showed up with four file boxes of paperwork. "here, take my stuff and figure it out." i will do that for you. it's a mental challenge. it's a puzzle. but getting you the maximum refund- that's what i'm here for. bring it on. >>> and a good morning to you, i'm charlie crowson, be careful on the way out this morning. it's going to be slick for your commute. live picture right now of the northeast baltimore with an inch of snow on the ground. we have more than 40 school closings and delays. you can get a complete list at abc2news.com. and you can also check out the abc2 facebook fan page and twitter for updates throughout the course of your day. you see the snow out there on the sidewalks and on the cars. but as more cars are traveling out there much of the snow on the roadways can become sheets of ice. let's get a check of the abc2 timesaver traffic with lauren. >> well, charlie the snow is leading to a very hectic commute. deali
. and there's the overarching question of taxes and spending and entitlements. where do you put the challenges this session faces in terms of history? is this 1981? is this 2009? how are you feeling about the weight of what you have to deal with? >> well, first let me say there is bipartisan agreement that your book on jefferson is absolutely fantastic. >> all right. >> that's among the leadership as well as the rank and file members of the united states senate. >> i appreciate that. >> people are reading it all over the place. from my standpoint, we're really looking at the greatest threat to our national security is our debt. it has to do with our children and our grandchildren's futures. as i travel wyoming and have telephone town hall meetings, the things that really come up, people are saying i'm not worried for me. i'm worried for my kids and grandk grandkids, and are we still going to have america in the future with this kind of debt? who will we owe our future to? >> senator barrasso, i want to ask you about your piece in this morning's "wall street journal." i can reduce it down for e
of no income tax and the morgans and mellons and carnegie and rockefellers. we created more wealth for everyone. so we can do this recognizing that the energy market is a $6 trillion market compared to one with what, four billion users going up to nine billion over the course of the next 20, 30 years. this is a place for us to recognize what other countries are doing and what our states that are growing are doing, which is there is an extraordinary amount of opportunity in modernizing america's energy grid. we don't even have a grid in america. we have a big open gap in the circle of america. east coast grid, west coast grid and texas grid and a line from chicago over to the dakotas. we can't sell energy from minnesota to arizona or arizona to massachusetts or to the coal states. it doesn't make sense and can't be a modern country if we don't fix that infrastructure. i would respectfully say to you that climate change is not something to be feared in response to -- the steps to respond to -- it's to be feared if we don't. 3,500 communities in our nation last year broke records for heat. we had
Search Results 0 to 39 of about 40 (some duplicates have been removed)